Having sold my house in Oakley last March but our buyer keeps e-mailing me to moan that her solicitor is waiting to hear from mylawyer. What should my lawyer have done following completion?
Following your disposal your conveyancer is duty bound to forward the transfer deeds and all additional paperwork to the buyer’s conveyancer. If applicable, your lawyer should also send confirmation that the home loan has been repaid to the purchasers solicitors. There is unlikely to be post completion requirements unique to conveyancing in Oakley.
I have Fifty Six years remaining on my lease and need a lease extension for my apartment in Oakley. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 19/11/2021 the requirements read as follows :
Are all Oakley Conveyancing Quality Solicitors on the Barclays conveyancing panel?
It is true that some banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
I have a mortgage with Yorkshire BS for my property in Oakley. Conveyancing has been completed months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Yorkshire BS?
You must advise Yorkshire BS before renting your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Yorkshire BS directly. You need not do this via a Yorkshire BS conveyancing panel lawyer.
I am due to exchange contracts on my house. I had a double glazing fitted in June 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Santander are being problematic. The Oakley solicitor who is on the Santander conveyancing panel is saying indemnity insurance will be fine but Santander are insisting on a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I need some fast conveyancing in Oakley as I am under a deadline to sign on the dotted line within 4 weeks. Thankfully I do not need a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to do searches although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Oakley the following are examples of what can arise and therefore affect the marketability of the property: Enforcement Notices, Outstanding Fees, Outstanding Grants, Railway Schemes,...
It has been 3 months following my purchase conveyancing in Oakley concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to find a conveyancing solicitor for residential conveyancing in Oakley. I have land on a site which looks to be the ideal offering If there is a chance to get all formalities done via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?